Meanwhile, Indonesia's foreign exchange receipts were higher than its usage of foreign exchange reserves (primarily for repayment of government debt, while part of reserves were also needed to settle Bank Indonesia's maturing foreign exchange bills).

The current forex reserves position can adequately cover 9.0 months of imports or 8.7 months of imports and servicing of government foreign debt repayments, well above the international standards of reserves adequacy at three months of imports.

Foreign Exchange Reserves Indonesia:

 2010  2011  2012  2013  2014  2015  2016  2017
Foreign Exchange
 66.1  96.2 110.1 112.8  99.4 111.9 105.9 111.5 127.8²

¹ in billion USD dollar
² per end-July 2017
Source: Bank Indonesia

In a statement on its official website the central bank said the nation's foreign exchange reserves are able to strengthen the resilience of the external sector and maintain the sustainability of Indonesian economic growth.

Indonesia's Q2-2017 economic growth was rather disappointing at 5.01 percent (y/y). The figure was released on Monday (07/08). However, last week Bank Indonesia Governor Agus Martowardojo already expressed his commitment to ease monetary policy in a bid to boost economic growth if Indonesia's Q2-2017 GDP data would be disappointing.